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Author Topic: I bought BTC at 23.5K$  (Read 1608 times)
Twinkledoe
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December 18, 2020, 10:09:32 PM
 #21

By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!

my friend, if you bought something you should have a strong reason,
but, if you bought bitcoin at $23,5k thats not a big problem, if you believe if the price of bitcoin will growing more and touch about $50K or more in long term

I hope he has no urgent needs with the money, because if he does, he will go crazy watching the market especially it is now below 23k. But it is going back up again. I guess, he's praying hard that the btc price will go high than 23.5k again.  Tongue But if you are a long-time crypto user, you know for yourself that btc can go higher in the next coming years. So keep the faith!
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December 18, 2020, 10:14:32 PM
 #22

By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!

If it's additional to what you've had it's ok provided that Bitcoin is not going through a correction period much lower than when you purchased it,
I hope what happened to those who bought in the 2017 all time high will not happen to you, but I guess there's no stopping for Bitcoin to skyrocket because of the many development.

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December 18, 2020, 10:17:07 PM
 #23

By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!

When buying Bitcoin on high, you should set a specific goal for yourself. If this is a long-term investment, you need to transfer your BTC to a cold wallet. And if you set a goal to sell more expensive, then you need to immediately open a sell order and no longer adjust it.

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December 18, 2020, 10:18:40 PM
 #24

By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!

my friend, if you bought something you should have a strong reason,
but, if you bought bitcoin at $23,5k thats not a big problem, if you believe if the price of bitcoin will growing more and touch about $50K or more in long term
The first rule, buy what you can afford. don't be too pushy and don't get carried away. maybe bitcoin is a very profitable investment, yes! but we also have to be wise in buying it. I think buying bitcoin at a high price is not wise, you can find another time unless you are on a day trade

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December 18, 2020, 10:27:23 PM
 #25

The right time to buy Bitcoin when there is a correction, if you end up buying Bitcoin at $ 23,500 it is a very risky decision in my opinion.
It is true that the possibility of a Bitcoin pump price is very large, in fact I predict the price of Bitcoin could reach $ 50,000 in 2021.
However, there is still a possibility that the Bitcoin price will be dumped, as happened in 2018. So for those who are planning to buy Bitcoin,
better wait for the Bitcoin price to fall. At least my advice is the right time to buy Bitcoin if the price of Bitcoin drops to a price of $ 18,000.

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December 18, 2020, 10:43:35 PM
 #26

By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!
I praise your courage and passion towards bitcoon and hopefully your decision will prove to be good for you in future especially I want to appreciate you because few days ago people here were talking that who will buy btc over 20k so they would have got the reply now that it is the community and public at large that will buy because they will find it attractive to invest.

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December 18, 2020, 10:49:31 PM
 #27

By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!

I think you bought it at a very high price for now but it doesn't matter, because I believe Bitcoin price will continue to increase slowly and my prediction if the price of Bitcoin can reach $35k (but maybe it will take a long time), so I recommend you to still hold your Bitcoin for a long-term, because if there is a possibility that next year cryptocurrency will experience a bull run, then I believe the price of Bitcoin can increase very high from the current price.
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December 18, 2020, 11:12:09 PM
 #28

By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!

Actually, this time is very risky, we don't know when the pump and dump will happen. But if you are sure about the decision you choose, it won't be a problem. Even though the price of bitcoin has touched $ 23,000 it will still be able to go up in 2021.
totally agree with you,  i am thinking if i was big investors from finance institution. they will not buying bitcoin in high price, although its have high risk it also contain minimum profit potency if compared if we wait for retracement . many expert said bitcoin will touch higher price in next year, and buy at that level must totall hold and we must maintain our mental and psychology when look small or big correction.

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December 18, 2020, 11:31:40 PM
 #29

By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!
What? You are taking ATH as the price to enter the market and that's the worst decision that I have ever seen. You should have learned the trade before try to buy anything from the market.
You should learn about how to be patient waiting for the dump to occur. You have been making a bad decision.
Keep in your mind if you must buy bitcoin when it was going down. Buy low sell high

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December 18, 2020, 11:42:38 PM
 #30

By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!
You might feel cheated and frustrated that you bought BTC at 23.5K but I get it - you didn't want to miss out.
Rest assured, BTC has no resistance and my speculation is that if you pay attention to the market you might even be able to make a profit. Why?

I believe that another wave is coming and it is a only a matter of days if not hours. I think the next 24h will set a new ATH for BTC, so maybe worth keeping a close eye on the market for now.
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December 18, 2020, 11:45:42 PM
 #31

well if you go in and buy bitcoin when the price is high like this then you will get ready to get stuck at a high price and of course it will happen at the end of 2017 which will make a lot of rich people depressed and lose money because the price of bitcoin collapses very deep, so still be careful because the key to trading is to buy when the price is low and sell it when the price is high the current price is perfect for selling because I bought bitcoin when the price was still $7k.

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December 18, 2020, 11:54:21 PM
 #32

By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!

For holding then you can disregard the price level.

For trading, either by swing or day trades, you now need to closely watch the price.

You already bought at $23.5k so there's nothing you can do now but to hope for the best. Next time, don't rely on purely predictions if your purpose is to do regular buying and selling.
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December 19, 2020, 12:00:06 AM
 #33

In what year is it? Did you buy 1 BTC or more? If you are and still hold until now, you will be very lucky and have a great party for this.
many people are really inspiring moreover those who still hold BTC from the very past time.
It has been reaching anew ATH, and you still hold it? Actually, you can spend 50% for the profits right now and some for hold. It will allow you to still have the funds and you get also the party

R


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December 19, 2020, 12:29:17 AM
 #34

By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!
You might feel cheated and frustrated that you bought BTC at 23.5K but I get it - you didn't want to miss out.
Rest assured, BTC has no resistance and my speculation is that if you pay attention to the market you might even be able to make a profit. Why?

I believe that another wave is coming and it is a only a matter of days if not hours. I think the next 24h will set a new ATH for BTC, so maybe worth keeping a close eye on the market for now.

There are still 2 weeks before the year ends so there are many possibilities for bitcoin to rally again. If that happens, I suggest to OP not to get greedy and take profit at that time. Correction can happen anytime because bitcoin's price rose very quickly. I hope OP learned a lesson from this experience, I think he was caught in FOMO, no one expected it to rise at that price hence he still bought.
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December 19, 2020, 01:18:53 AM
 #35

By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!

Actually, this time is very risky, we don't know when the pump and dump will happen. But if you are sure about the decision you choose, it won't be a problem. Even though the price of bitcoin has touched $ 23,000 it will still be able to go up in 2021.

He so optimistic, and its not bad. Just not cut loss too early for next correction, i still thinking bitcoin can go higher in the next days

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December 19, 2020, 01:33:18 AM
 #36

By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!

Actually, this time is very risky, we don't know when the pump and dump will happen. But if you are sure about the decision you choose, it won't be a problem. Even though the price of bitcoin has touched $ 23,000 it will still be able to go up in 2021.

He so optimistic, and its not bad. Just not cut loss too early for next correction, i still thinking bitcoin can go higher in the next days
optimistic need logical reason too , this man was courage to take high risk when he decided to buy bitcoin on peak price. maybe there are two reason for it . 1st he really don't understand how to trade or 2nd he trapped in fomo and due of this  he must hold for long time and prepare mental to face something bad will happen in future.
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December 19, 2020, 02:01:45 AM
 #37

You're brave enough to do that. If you really intend to buy, why don't you buy when the price is low, or haven't hit the new ATH? however, at the moment we don't know whether the price of bitcoin will go up higher, or go down again. however, I still believe in the development of bitcoin, but if you still have a high level of confidence that the price of bitcoin will go up again, then that's fine. I think you have considered the risks and the pros and cons before buying at a high price.

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TGD
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December 19, 2020, 02:06:30 AM
 #38

You're brave enough to do that. If you really intend to buy, why don't you buy when the price is low, or haven't hit the new ATH? however, at the moment we don't know whether the price of bitcoin will go up higher, or go down again. however, I still believe in the development of bitcoin, but if you still have a high level of confidence that the price of bitcoin will go up again, then that's fine. I think you have considered the risks and the pros and cons before buying at a high price.

This is common during hype, Many people are being FOMO(Fear of Missing out). During low price, The trend is always going down and the common mindset was the price will still go down that's only few smart trader enter position at that point. During uptrend is what many trader like to buy because there is clear direction for the price and they easily take profit for a short trade. No one knows if this price will be the next ATH soon but buying before the correction is a very bad decision.

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December 19, 2020, 02:18:35 AM
 #39

When ride starts, applicable for both situation, pump or dump, no one can actually predict the upper limit and lower limit. Where price will climb upto or where the dump will end. This confusional state actually make the market.
23. 5k/btc is latest, almost highest point of the tide, till now. If price goes up and you hesitate to hold for long term, try to sale and can rebuy at lower price.
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December 19, 2020, 02:46:04 AM
 #40

I saw in one of the tweets that the Bitcoin price prediction might break $25K or more, but I think it's quite a while until the end of the year

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